•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    ETP plans to build Marcellus-Utica pipeline project

    Energy Transfer Partners LP

    Energy Transfer Partners LP (NYSE: ETP) plans to build a pipeline to transport natural gas from processing facilities located in the prolific Marcellus and Utica shale areas to numerous market regions in the US and Canada. In conjunction with this announcement, ETP has signed long-term agreements with multiple shippers and is launching a binding open season.

    The natural gas pipeline is sized to transport 2.2 billion cubic feet per day, however, depending on additional shipper commitments, the project likely will be expanded to transport up to 3.25 billion cubic feet per day. ETP has secured capacity commitments from producers who hold significant acreage positions in the Utica and Marcellus shale plays and has been in negotiations with numerous other shippers who have expressed a desire to contract for capacity in the open season.

    The three largest shippers on the project are American Energy – Utica, LLC (AEU), Antero Resources Corp. (NYSE:AR), and Range Resources Corp. (NYSE:RRC). American Energy and Antero Resources both have options to purchase non-operating equity interests in the project.

    The first 400 miles of the project will enable the flow of gas from processing plants and interconnections in Pennsylvania, West Virginia, and Ohio to points of interconnection with Energy Transfer’s existing Panhandle Eastern Pipe Line (PEPL) and another Midwest pipeline near Defiance, Ohio. Shippers in the ET Rover project also will be able to transport to Trunkline Zone 1A, delivery points via the interconnection with PEPL, to access existing and new industrial markets and potential liquefaction export markets in the Gulf Coast.

    Additionally, ETP expects to construct a 195-mile segment from the Defiance area through Michigan and ultimately to the Union Gas Dawn Hub (Dawn) near Sarnia, Canada, providing producers with access to diverse markets and end-users in Michigan and Canada with access to Marcellus and Utica supplies. Energy Transfer has received sufficient commitments and board approval to build the pipeline to Defiance and anticipates receiving sufficient volumes to justify building to Dawn.

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    GCA: Falling oil price to have uneven effect on US unconventional plays

    11/11/2014 Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates said in a recent report, noti...

    US ethane exports ‘imminent’ amid flood of supply from shale plays

    11/11/2014 US ethane production, forecast to reach 2.5 million barrels per day (b/d) by 2024, will cause supply to exceed domestic demand, making exports “imminent,” according to a report from Bentek Energy, ...

    Sunoco Logistics to invest $2.5B for Mariner East 2

    11/07/2014 Sunoco Logistics Partners LP reports a successful open season for Sunoco Pipeline LP’s Mariner East 2 project, the second phase of the company’s broader plan to provide critical pipeline transporta...

    FTSI to acquire J-W Wireline

    11/04/2014

    FTS International has signed a definitive agreement to acquire J-W Wireline Co., a subsidiary of J-W Energy Co., which is an independent cased-hole wireline company in North America.

    Rover pipeline now fully subscribed

    10/31/2014 Energy Transfer Partners LP has secured additional long-term binding shipper agreements on its Rover natural gas pipeline project to connect Marcellus and Utica shale supplies to markets in the Mid...

    More Oil & Gas Financial Articles

    GCA: Falling oil price to have uneven effect on US unconventional plays

    Tue, Nov 11, 2014

    Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

    US ethane exports ‘imminent’ amid flood of supply from shale plays

    Tue, Nov 11, 2014

    US ethane production, forecast to reach 2.5 million barrels per day (b/d) by 2024, will cause supply to exceed domestic demand, making exports “imminent,” according to a report from Bentek Energy, an analytics and forecasting unit of Platts.

     

    Sunoco Logistics to invest $2.5B for Mariner East 2

    Fri, Nov 7, 2014

    Sunoco Logistics Partners LP reports a successful open season for Sunoco Pipeline LP’s Mariner East 2 project, the second phase of the company’s broader plan to provide critical pipeline transportation from the Marcellus and Utica shale plays.

    FTSI to acquire J-W Wireline

    Tue, Nov 4, 2014

    FTS International has signed a definitive agreement to acquire J-W Wireline Co., a subsidiary of J-W Energy Co., which is an independent cased-hole wireline company in North America.

    Rover pipeline now fully subscribed

    Fri, Oct 31, 2014

    Energy Transfer Partners LP has secured additional long-term binding shipper agreements on its Rover natural gas pipeline project to connect Marcellus and Utica shale supplies to markets in the Midwest, Great Lakes, and Gulf Coast regions of the US and Canada.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ